Casting corporate profiteering as a key driver of inflation would be a political winner for Democrats—and it has the virtue of being true.
by Robert Reich, In These Times
Despite the Federal Reserve’s most aggressive campaign in generations to slow the economy and bring price increases under control, prices continued to climb at a brutally rapid pace in September — with a key inflation index increasing at the fastest rate in 40 years.

Even though the Fed has quickly raised interest rates from near zero to a range of 3 to 3.25 percent, overall inflation — 8.2 percent over the year through September — continues to roar. Worse, it’s headed in the wrong direction. After stripping out volatile fuel and food, inflation increased. No wonder investors expect the Fed to announce another rate increase at the end of its next meeting, on Nov. 2.
All this could have severe political consequences for Democrats in the midterm elections three weeks from today. Republicans are focusing on inflation because voters see it as their biggest immediate problem, and it’s easy to pin blame on the Democrats because they’re in charge. Biden and the Democrats have provided no retort except to talk about their efforts to reduce drug prices.
Recent Posts
Federal Judge Sides With Journalists, Protesters in Chicago Over Violent Tactics of Trump’s Federal Agents
October 11, 2025
Take Action Now “Individuals are allowed to protest,” the judge said. “They are allowed to speak. That is guaranteed by the First Amendment to our…
First Ceasefire, Then Palestinian Liberation
October 10, 2025
Take Action Now Trump’s deal does nothing to address the root cause of injustice: Israel’s brutal military rule and oppression of Palestinians.By…
A Movement-Based Opposition To Trump And MAGA
October 10, 2025
Take Action Now In the absence of adequate resistance in the electoral arena, an alliance of popular movements is functioning as the primary…
‘I’m Terrified I’ll Die’: Bernie Sanders Unveils Report On Healthcare Devastation Looming For American Families
October 9, 2025
Take Action Now The Sanders report concludes by not only vowing to reverse the Republican healthcare cuts, but to “work to end the international…